 It's a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Oh, it's a beautiful day. Look at that man. Jim from Minneapolis. We are taken by storm. Taken by storm. That's a great saying, man. Hey, what's happening, brother? Good morning, Jeff. How you guys doing today? Good, man, yourself? Oh, man. It's been the most incredible couple of days since when I called it on Friday, Lifecoin busted out of that consolidation on the two-hour chart. Okay. And it just never looked back. It did a 100-point ABC up, and now it's very extended the way I look at it. But, holy mo- I mean, it went up to $420 last night. Now, Tom O'Brien. Tom O'Brien, I'm usually the host of the Tiger Technicians Hour. That's noon to 1 p.m. Eastern time every day, every market day, I should say. And I'm also the author of the opening call and the comprehensive dating newsletter that goes out every day. So it's my pleasure to be here. And what we're going to be looking at right now is the Dow. The Dow is up 142. Very nice. It broke. If you're looking at the left side chart, this is the Dady chart. Here's the weekly chart. Here's the monthly on the right. So the Dady chart, there are patterns that I look at. Let me just run this really quickly. In the Chapman Wave methodology, I believe there are only three patterns that we look at straight up, straight down, the arch formation, or the cup formation. And then you can get a variation. And that variation says if you take out that left side low, that's why it's red, it can go quite a lot lower. And the light green one, it can go quite a lot lower. And the light green one, the Y inverted Y. So we call this the dreaded H, the lowercase H. And this is the Y inverted Y formation. Take out that left side high. You can go quite a bit higher. We're only looking for higher peaks in the Chapman Wave. We count them alphabetically on the way up. A, B, C, D. It can go E, F, and G. But that fourth highest peak is where we start to look at something happening that could be different. So let's go to it. What we're looking at. Here's the cup formation. Had a really nice cell signal in the dark. This peak D at 27,398. Actually, we had the cell signal at 27,391. June, July the 16th. And we were elected to short all the way down. We did cover. We've got other issues that have been long all the way up here. And what we're looking at is finally we're in a leg D. And you see this little dashed green line. This is called the Chapman Wave. Inside wedge target repellent line. And that takes you to about 27,190. However, right here, there are a bunch of resistance levels that we're going to see with the dark and pierce. So far, this is a very good action. The MACD, the Moving Average Convergence Divergence is strong. Stochastic is 96%. That is really strong. So any pullback should be short term. It should take quite a while for us to reverse to even get to a cell signal. Probably you'd have to go deeply underneath 26,700 to be able to get there. Let's see what happens here. So far, it's all positive. The Wiki chart is improving. It isn't great. The technicals are improving slowly. That monthly chart had a nine month consolidation from January of 2018 at 26,016. Pulls back to the 23,300s. Rallys turn all time high nine months later at 26,951 in October of 2018. It plummets to the December low of 21,712. And then rallies in nine months, it takes you to a leg C at 27,398. And now I've been expecting that we would have some kind of consolidation that goes into September. We'll see if September starts a brand new high. Well, not that. It'll start a leg D in the monthly chart. So let's go on. We've got the S&P also up nicely. S&P is up right now. It's up 13 points at 29,93. Right in the 29,93 to 95 areas, strong resistance. But this is recycled up. The magnies good. The stochastics, it's 98, 94%. The weekly is starting to improve. It's not great, but the pattern is actually improving. And then monthly chart is still very strong. This is only at a peak A. It's a little weird to have these divergences in letters in the Chapman wave. The QQQ and the NDX100 is trading at 192.03, up $1.39. It's about to hit some kind of resistance in the 193s, but so far this is good. Not great action. Why? Well, if you look at Amazon, look at this. Amazon's been struggling. It's only up .09 right now at 1820. Made a major top at 2050. Runs down to 1307 last year. And then runs back up to the 102,035 area. Now it's trading at 1820. It's really struggling. And so is, you know, Facebook. You've got your fan stocks not working, but I have what I call for years, decades. I've had it as an index. It's not an index. There's only four stocks in the doubt. Used to be GE, IBM, triple M, and United Technologies. Now it's Caterpillar to take the place of GE. So Caterpillar. Look at this beautiful move to the upside at 131.95. There's that cup formation is trying to go for a left side, right side price time match before the 18th of September. It should try for 134.90. We'll see if it's able to do that, but this is very strong. It's only a leg B. The MACD is good. Stochastic is good. Wigty chart is improving. It's not great in the same thing with the monthly. Now for subscribers, I must mention, we are actually long from the Caterpillar from the 122 area a few days ago. And then if you look at IBM, IBM has had a really good move. It's down today, down too. But look at this. It went from 129 to the 145. It's in just two weeks. That's very good. Of course, it came down quickly as well. So IBM is acting quite nicely. Triple M123. This is 3M company is down to $1.47. But it's also come off the low very nicely. Whoops, there's that pattern that I was just showing you a moment ago. Let me go back again to my charts. There are. This is leg C in triple M. And wait a minute. UTX, United Technologies. This is a multinational company. This is probably one of the more important stocks in the Dow historically. And it goes back to 1920s. It's in leg D at 135. It's acting really well. This is cup formation. And its weekly chart is really much better. And so is the monthly. I have another index. It's called the cash index. It's a syntax, which is overalls. And that made me a little cautious recently. Overalls, uniform rentals, syntax is down three. It was at 270.36. Makes a double top at 270.24. 12 cents lower V-shaped pattern. Plop. It comes down very sharp. I'm a little concerned peak after the weekly chart. This really tells me a little bit about the economy. So I'm going to be watching this one very closely. In fact, that chart right now reminds me very much of the TLT. Look at this. The TLT has also had a little double top. And then it's come down quite sharply. That is the bonds. Lehman-20, a Treasury bond fund, down five cents here. So bonds have had a spectacular move. You can only imagine that they need a breather of sorts just day in and day out throughout the world. You kept hearing about recessions and inverted yield curve, et cetera. Look at this big cup formation. Actually, let me show you something very interesting. This is the weekly chart. Look at this. It goes from July of 2016 to 143.62 down to a low, the most recent low of 111.90 in November of last year. Then it runs back in a shorter time span. It goes all the way to 140, was that 48? 148.90. And now it's pulled back quite. It deserves a bit of a break, right? So that's what we're looking at. I'll get into some of the other details. We'll look at some of the stocks in a moment. I also want to look at the gold stocks. Tom, of course, is really the maestro of gold stocks. So we'll look at that. The GDX right now is up a little bit. It's pulled back from the 30 area. I'll be back in a moment. Hi, folks. Tom O'Brien here. 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You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Call now, toll-free at 1-877-927-6648. Internationally at 727-873-7618. Sitting here for Tom O'Brien. Tom's out this afternoon. It's my pleasure to be here. And I have a special guest. I have Steve Dahl from TAS Market Research. Always just a great pleasure to be able to speak to Steve. Steve, hi, how are you? Hi, I'm doing so fine here. A little high humidity late summer run here in Chicago. So I'm keeping cool inside in front of these markets. And you also want to keep bottling this because you want to open that little bottle in January, right? That is the truth. This is, you know, as well as I, a trader's dream volatility. Markets are moving daily and it's really been a delight this year. It's been some of the best markets for traders. So if you don't mind, I know that you've mentioned this many times, but we always have new listeners. Could you just tell us briefly exactly what you do, what you're offering here at TFNN, and about your fabulous program. This is really a beautiful piece of software. Wonderful. I appreciate those kind words. So TAS Market Profile is, as the name would suggest, a company that provides analytics based in the market profile method, which for a lot of people is maybe old hat because it's been around since the 80s, but the way we do it has really modernized it and made it a little less gray area and a lot more, well, we say green and red, as opposed to black and white. It's a really, you know, it's a unique way of looking at the market. Instead of trying to make decisions based exclusively on classic technical analysis, we actually reformulate volume basal and we give you some insight into where those high traffic zones or what we call volume aggregation zones are, which is just fancy for saying, the most popular place to trade on any chart and being aware of being able to know when it's time to get long, get short or when it's time to sit on your hands because market's likely to go sideways. So you use those volumes like magnets and when price is getting close, it tells you that there's some kind of a, there's some kind of unification where people are very satisfied that this is in the range and as soon as it breaks out the range, this is what it's telling you up or down. Exactly. It's no different than when you get in your car and you head into a big city and there's a lot of cars on the road. There's a lot of activity in a city and that means you slow down. You still may eventually get to your destination between point A and point B, but if you come into a big city, you know as well as I am from Chicago a little congestion, so knowing when the market's going to slow down is very valuable information because you can use that to obviously pinpoint some targets or know whether it's worthwhile to be in heading into that traffic altogether. Yeah, I had a chuckle because there was an article saying that Boston, where I am now, I'm just eight miles away from the city itself, Boston has the highest and longest commuter time in the country, but it's also number one of the top 10 in the world and this used to be just a big college town. That's what's happened. So tell us, could you give us something on your actual profiles right now so that now we can get into the nitty gritties of exactly what folks can look at every day? Absolutely. If you're able to see my screen here in the Tiger's Den, I'm actually highlighting Apple here, which is one of the, of course, many stocks in the S&P 500 and NASDAQ that we feature in our task profile scanner product and really the gist of what we're doing here within the software is we're identifying what we call value zones or fair auctions, which is just a market profile enthusiast way of saying the balance zone. And if you take a look at the bottom right of the feature, which we call the landscape chart over here, you'll notice that we see this yellow line, which you can't miss there, is above all four timeframes from weekly, daily four hour and 60 minute, and it's been good to be long Apple and that would give you an explicit cue to know that you're better off. Beautiful. Look at Apple today. Yeah, look at it today. Again, another great day in Apple and the big takeaway for traders that are new to our product as they're working through the learning curve is the fact that, you know, half the battle to being a successful trader and doing this well and for a very long time is being able to identify where probabilities are greatest. Notice I didn't say certainties, probabilities, because there's no such thing as certainties in markets, but even just being able to eliminate one side of the market, so at least you're focused on the direction that has some probabilities, then it just becomes an analysis of whether the risk and volatility is suitable for your individualized risk tolerance. And as far as subscribers are concerned, they can go to the front page of TFNN rights and just sign up that way. You got it. And, you know, Tom has put together a very nice risk-free first 30-day money-back guarantee, so it really is a risk-free opportunity for you to come on in and test drive the product and doesn't usually take folks but a few days to figure out they can't live without it. And that's obviously good news for us, but it's really good news. It's really good news for them. That's the big play. I also recall that you and Tommy did a webinar in great detail just recently. So that's available to them as well. We did. Those that go on to subscribe and try out the product will have immediate access to that workshop which we hosted, and we're going to do another one, I think, in the near horizon, so stay tuned for that as well. Oh, fabulous. I am really impressed. I mean, you have done, it's not that you've done a great job, it's just that the maturity at this level has really put it into a different category altogether. I really appreciate that. It's a fiercely competitive space. There's a lot of tools out there. There's a lot of analytics and there's a lot of opinions. Let's face it. And we respect a lot of our peers in their work as well as they do us. And while it may not be right for everybody, it definitely could be a real eye-opener for the right type of investor and trader. Well, that's fabulous. Thank you, Steve. So just to tell everyone, go to the front page of TFNN. You'll see it right there. Taz Market Profile. And Steve Dahl is the one that's the lead voice there. So thank you so much for being able to discuss it here. And I do admire what you've done. It's a fabulous program. Thank you, Kylie. We'll be in touch again soon. Thank you very much for calling. Steve Dahl, Taz Market Profile. Check out the front page. And here I've got the chart of Apple. Look at this beautiful. It's breaking. This is one of the few fang stocks that's closer to its all-time highs. Right now, it's trading at 222 up five. Good call, Steve. Congratulations. Very good. And the weekly chart you can see is just broken out. So there's that pattern that it was in this rectangle formation in the weekly chart for some time. And this is a fabulous move. Look at the monthly chart. I love to do this. I like to grab the outer limits of the, there we go. The outer limits, it takes you from 233 high of October of 2018, 142 round number low. And now what you've got is I call this Chapman wave buy signal within the rectangle formation should take you close to or up against or just above the previous high, which is the all-time high of 233. We've got 233. That's 11 points to go. It doesn't give you a timeframe, but it does say that it's very close to breaking out of the monthly chart because that peak B was at 222. Let me just double check. 221.37. And right now we're at 222.44. So this doesn't work on a closing basis because all you need to do is break it by one penny. That starts your legs, see to the upside. And the magdeen, the monthly has finally turned up. It took forever. It took from all of last year as it was breaking down in November where the magdeen turned negative, finally it's turned positive. Very good call. Thank you for pointing it out, Steve. I'll be right back. Basel Chapman sitting for Tom O'Brien. The Dow is up 160. S&P is up 15. I'll be right back. And I am the host of the Tiger Technicians Hour noon to 1 p.m. every day, but it's a pleasure to be here at 3 p.m. If you're not currently using the Taz Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The Taz Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, Taz understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the Taz Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee so you have nothing to risk. Start your subscription by visiting the front page of TF9.com today and you'll find the Taz Profile Scanner under the Services tab. Sign up today. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. 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We have live programming every market day during market hours. Every morning, Larry Pezzavento kicks off the trading day live at 9 a.m. and breaks down the opening bell with Trade What You See At 10 a.m., Tom and Tommy O'Brien host the TFNN Bull Bear Trading Hour, followed at 11 a.m. by the team at TD Ameritrade and Thinker Swim with Fast Market. Basil Chapman hosts the Tiger Technicians Hour at noon, Steve Rhodes at 1 p.m. with the Trader's Edge, Dave White at 2 p.m. with the Power Trading Hour, and Tom O'Brien anchors the daily lineup from three till five as host of the Tom O'Brien show. Tune in to TFNN's Tiger TV on your computer or mobile device and you can always find us streaming on YouTube. TFNN.com Educating Investors This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com Sitting here for Tom O'Brien, Tom's out this afternoon. It's my pleasure to be here. I'm the author of the opening call, Dating Newsletter, and the host of the Tiger Technicians Hour noon to 1 p.m. eastern time every day, dials up 158. This is the GDX. The GDX had a spectacular move. It goes from round about the 20 area, and that was in April. And here we are screaming to the high of September the 4th at 30.96 10 points. Close to 30%. This is very good. So now it's having a bit of a pullback. A question I was asked, and a number of just coincidence, and a number of people that asked me, and Dan and emails. What about the GDX? And I told subscribers I'll have a more detailed look at the GDX which is the gold market vectors minus ETF. Tom O'Brien is doing a webinar. He's the master of gold. He'll be doing a webinar next week. Check it out on the front page of TFNN and for his gold report. So look at this beautiful cup formation from 3179 to 16 in the monthly chart. It was once upon a time at 66.98 with a double top. That was back in round about 2012, 2011, going into a decline, breaks out down in 2012. And then it goes down to $12 and 40 cents. Runs up to 3179. So $12 that goes in, I think it was December, January. January of 2016. Then it runs up to the August of 2016 high of 3179. And then it makes a cup formation. It's more like a bowl formation, meaning it's taken a long time. It's sort of stretched out, more like a little doggie bowl. And what you have here is a retracement going back to the 200-period moving average which it broke down from way back in February of 2013 when it went under 40. Leg C, 3187 is the resistance. What was the high? Did I say it was 30, 30.90? Then we'll just get that exactly right. Yeah, 30.96. So we're looking at the MACD finally turning up. Sacastics at 85%. All those are good and it's only in Leg C in the weekly chart. I'm suspecting that at some point you're going to get a Leg D in the interim. Well, look at this peak E-top, that was May, I called it a top just for now, in the weekly chart, the middle chart, you see the MACD, the moving average convergence divergence, you see when it crossed negative back there going into the April downturn and then you see how it crossed positive right here. That was back in June of 2019 around about the 22 area when it went all the way to 30.96, pulls back sharply in two weeks. It's given back a little bit more than it made in those two weeks up and now it says it's below the nine period moving average and it's going to the black 27-15 level 14 period exponential moving average. If it goes under it, there's a chance that MACD will cross negative and then you go to say to yourself, aha, until the nine and the 14 cross negative it's a hint that the MACD saying weakness is there. How the whole 26 area holds is going to be really important. Starts to close at 25 to 24. That's going to be a much deeper correction in time and probably in price before it has another big leg up. So the spectacular move that we've seen in many of these goals. So I use, I like to use ASA just the only reasons I'm originally from South Africa. This is South African stocks. It's made up, I think of six major stocks. ASA golden precious metals. I just use it because it's for me a nice benchmark of what's going on. But it made a double top at that peak E at 13. 75. That was on 28th of August retest just under at 13.73 on the 4th of September. You see already the MACD and stochastic were failing. Now it's pulled back and I suspect it has to go at 1244. It has to go somewhere into the 1220 to 1180 area. That's where the big test comes. So let's put it in context of the GTX. There could be a balance at any point. It could go 2880 to 20. I'd say 2885. No, 28. I'm not sure 2810 would be, that would be the maximum that I could see on a bounce off to such a big move. It's probably going to need some deeper consolidation. But watch 2770 right now. Watch the 2720 area. So as goes under that is this, uh oh, a little bit longer in time, a little bit longer in price off the spectacular move. So you can put that into context with the TLT. The TLT has had a spectacular move. Goes to 148.90 trading right now to 140.50. That is a deep decline. But it's only a deep decline in the context of the most latest two week move. Look what had happened before. And as I said all the way from the 200 period exponential moving average in April back in the 122 area. And it screams up to 148. 20 something points. That is a big move. So it's coming back. It's the same sort of thing. It's under right now. We're only midweek so we can't talk about it as if it's Friday afternoon close. But it's at 140.51. If it closes at about 141.80 to 142.35. I'd say that's good action. If it goes even higher between now and Monday. That's going to be even better. It means you're raising the base. But if it doesn't hold any gain in the source to break 138.30 is the 14 period moving average in the weekly chart. And that's kind of what I'm looking at over a period of maybe two, three weeks. That's the test. That's the big test. And after a spectacular move you can just understand that it has to pull back a little bit. It's the same thing with gold. If you look at the gold price. Look there is gold. I drew the rectangle. 1488 on the continuous contract. Source to close underneath that 1477 says you've got a little more time in your hand than 1465 will be the test. The 14 period moving average. Hey, wait a minute. What about the semiconductors? Because the semiconductors, even though the Billings reports have been very poor. I'm not so sure what they are over the last month and a half. But they had been very poor. Yet it is now two points away from an all-time high. Just look at this monthly chart breaking out. It had a leg B then a peak B brand new. If it goes above 12356 in September, I have to tell you that's a new leg. See that is really bullish. And that's going to be bullish for the overall market because the semiconductors very often lead the way up and lead the way down in the general market. And they made a high back in July at 12356. The Dow made this most recent high. The most recent high July the 15th and it pulled back. And it too is underneath its all-time high. So we're going to be watching this now. You see this weekly chart right here. You see this little dashed green line rising trend line there. I'll make it a little bit bigger. And here it is. So the green says a close above that would be very positive. But this red line right here this week it's right at T3.30. That's just a fraction underneath the all-time high. But right there it says a breakout above that says you can go to the top line. I call this Chapman wave inside trek repellence on Y. Well look if you look at the monthly chart, let me open this up. Look at this. That has been going on since the high that was made way back in June of 2018 at 112. There's a rising trend line and that trend line has what I call that inside track repellence zone. So if it decisively spikes above that that's very positive. The MACD is good not great but good. Stochastic is very weak it's still only at 66% and yet the price is moving up and that's all that counts. So I'm watching this very closely because yeah you've got the cup formation. You broke away from this up channel. That's very important that says the semiconductors keep an eye on them. You must not lose track of these guys because the semiconductors are pretty much leaders in many way because they are in everything. They're in the chip side. If you're in the CD market and looking for a secure investment the Tiger first mortgage program may work for you. 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Distributor Four Side Fund Services, LLC Free at 1-877-927-6648 Internationally at 727-873-7618 Tom O'Brien I've run Basel Chapman here and the number is 37, SP is up 17. So what I discussed with my subscribers to my opening call and my daily newsletter over the weekend was that I'm looking at a rotation possibility that the old you know we've seen Microsoft, we've seen some of the Adobe, we've seen some of the year 2000 huge winners in the dot-com bubble get smashed 80%, 85%, 90% and then they came back and became real winners. Well, I've said that there's a chance that we could start to see the cyclicals, the deep cyclicals like a united technologies like like a caterpillar start to see some life they've been hammered and they could be there could be a rotation into the small caps we've seen that today and yesterday in the IWM and that's the Russell 2000 but at the same time the steel stocks steel stocks are coming up very nicely. Not great but the Van Egg Vectors Steel ETF SLX straight in 35, 78, hit a load just the other day of 31 and now it's up 5 points that is nice action, not great but it's done this before and then failed but it's a good sign that you've got this kind of rotation. So my consideration here is that if you find stocks that have been really great companies that have just been beaten down have a good look at them. I mean I featured something the other day we didn't get this because there were others that we were looking at Agilent, Agilent Technologies Spectroscopic Solutions Improved Methods Developing I guess this is part of an analysis that they do and it was just a huge winner and it goes from the 40s all the way to the recent high March of 2019 at 82.27 as a deep plunge into the 63 area now it's back at 76 it broke this down channel this downtrend line right here I had this as an inside track repellent line this is very nice action do you buy it here it's almost back at the recent high that was made in this cup formation well that's on your time frame but just have a look at stocks like this because as I say this is only in leg C so it should go to a D but at the same time it's really good that it held so nicely this uptrend line in the monthly chart it's good that it's made the cup formation in the week, it's good that the MACD finally crossed part of the stochastic it's good so it says that it has some pretty good support around about the 74 to 73 area if it takes another dip in the next couple of weeks but this is something that I think is important there are some people here that are saying oh big crash coming because of the yields and the bonds are going to skyrocket and the yields are going to skyrocket and the bonds are going to tank I don't see it that way I think the competition for international for countries to be able to sell their bonds they keep wanting to sell because they keep having expenses that every city name me a city that you know of or a town that isn't overspending their budget holding a bigger school that isn't expanding the library whatever it is and everyone needs money and that's going to be important so I think that at least for a little while for many months to come the idea of rates being stable and then probably coming down as in the in my methodology I wouldn't be surprised if we see another big move in the TLT in this is only a leg C to a leg D towards 150 and then maybe we'll get something different that kind of competition is really it's important and I was also mentioning in my show the Tiger Technicians Hour at noon and yesterday I should mention tomorrow I'm doing Larry's show Larry won't be able to do his show tomorrow at 9 a.m. Eastern Times I'll be doing that as well as mine but I mentioned that there are so many of these little stocks like an RRD this is RR Donnelly it's way down in the $1.60 area in two and a half three weeks time it's at $3.45 thinking of a stock yet $160 and now it's at $345 there are so many of these little ones that what's happening is I think fund managers are now avoiding the Amazons the Facebooks and they are looking at something in Netflix they're looking at other areas and that could start to take in some of the lower price now these big moves I think they almost done right now the shorter term I had a couple more RAD is one this is Right Aid look at that move just $5 two and a half weeks ago now it's doubled it's gone today's high it's $9.90 and this is part of Walgreens Right Aid trading it's $9.71 up $65 RAD is the symbol it's unusual to see this many at this particular time so I'm mentioning that this is I don't think this is a market that you've got a shy away from but I also think that it's a market that for the real big winners coming into the last pullbacks be a little bit careful but with stocks that have already had deep deep retracement and are trying to find some support you might be able to get something that you can hold longer than just a short term it could turn into an intermediate term buys I'm looking at this much more positive and look at the VIX index the volatility index the VIX index trading right now at 14.77 I have a rule of thumb that I've used for a long time as my subscribers know going into the 16 says you've got to be somewhat careful you can start to see some market pullbacks going into the 18s and 19s you should see triple digit down pullbacks strong double digit down the S&P pullbacks and if you go higher into the 20s you're going to see triple digit down closes then the 16s it says okay but it's starting to go to the 15s and then the 14 says 14 says now some buying is coming in so if the VIX does not fall this week oh so it does not rally this week because there's a sudden pullback but instead a whole steady in the 14s and actually starts to get to the 13s that to me is just an indication that there is still buying opportunities stabilizing the market for a little while longer but I do think based on the work that I do they're beginning to some kind of resistance areas in most of the key indices and now it's going to be stock selection that's really important and it's so interesting that I did I mention I mentioned in my show so I just want to do this quickly Sintas I'm not sure if I did this now Sintas is a overalls in uniforms rentals and it's down 3 and 54 at 245 it's even now at the low of the day it makes me a little nervous because this to me is an economic barometer and it's suggesting that maybe in some pockets of the market of the economy I should say there's some recession reaction I'm not sure just where it would be right now but this seems to be indicating something like that but it doesn't say overall that there should be a recession just yet so I'm looking at it and saying keep an eye on Sintas if it's sourced it just filled in the gap I think it was an earnings thing on the 16th it closes of July it closes at 239 and the next day it gaps up and the low is 251 and it filled a little bit in and then it ran all the way to 270.36 all-time high, double tops at 270.24 and now it's pulling back so I just wanted to mention that it's not hunky-dory everywhere that you look there was a stock that we used as a benchmark where we could start to see some kind of a pullback MKTX what is that that's market did I type in the wrong place let me type it over here MKTX yeah there it is market axis holdings MKTX trading at 340.71 down to dollar 31 it was at 421.45 on the 6th just a few days ago hey this says in that whole area of bonds we've got to be a little bit careful on the shorter term but that means that money could be flowing from the bond market to the stock market that's good I'll be right back Basil Chapman City for Tom O'Brien down to 176.70 be right back I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trade that we tigers and tigers share if you're looking to become the best of the best of managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of tfn.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today since 1984 Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion well originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman Wave sequence using the Chapman Wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of tfn.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to Basil's newsletter the opening call today by visiting tfn.com you know what's cool taking something that's good for you I think specifically formulated to help with weight loss better sleep stress reduction and the need to detox Nicar hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionic soil based vitamins minerals fatty and 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thirty point thirty he was a high in January of two thousand eighteen plums to twenty two point oh five twenty eight seventy two was the last high I want to see it get to that twenty eight seventy two maybe a little digested in the cup and then a little and then break out to the upside so the XLF and now the bank stocks are starting to really improve we do have a bank stock it's up about twenty percent I like his action very much now the IAI we're also along the IA which is the broker index it came back it pulled back a little bit but it's a sixty five if the brokers if this ETF I had mentioned a year ago that if it can start to get to the sixty sevens and then the six turn the sixty three to sixty one area into support it's done exactly that and then break into the sixty nine seventies finally you start having people talking about the stock market this is the most silent mega bull market we've ever seen people are just afraid to talk about it and yet because of the news that just permeated all the news about recession and this and that I think that this is going to be something that gets very exciting you can't have a mega top within a mega bull market without people everywhere talking about it just like in two thousand seven and eight if you went to the bank yet about three people standing outside saying on their cell phones I can't talk right now I'm getting my mortgage but those are tops that are significant we haven't even got close to that so it's a little mega bullish looking at pretty good pretty good two thousand and nineteen and two thousand and twenty so I just wanted to show those particular areas that I think are really important so once again the financials need to get going it's a different area all together and then it's like a bank of America has met with former mayoral that's great that's part of the brokerage area so they got a kind of a double whammy on the upside if everything works out so we're about to wrap up I'll be back tomorrow morning at 9 a.m. to do Larry Pesavento's show he's away and then I'll do my show at 9 at noon and we'll talk a little bit more about some of the things that you are in me and some things that are looking really great have a wonderful evening and thank you for being here and certainly for Tom O'Brien check out my opening for my daily